Duplex analysis

[Jonathan V.]

I'm following up on an ad that has a duplex listed FSBO.

The price is $30,000.

Gross rent is $5,000 on each side a year according to the ad, leaving gross rent @$10,000 a year.

It does not give an address. It says all utilities paid by tenants.

It also says it has floor heat and window units. I'm located in Arkansas, we have cold winters and hot summers.

It says it's been rented for over a year w/ the same tenants.

When/if I call, what should I say, and when I show up, what should I look for?

Edit: Also no pictures available from ad.

[Mark Updegraff]

address?
taxes?
lot size?
square footage?
# of rooms?
when can I see it?
condition of foundation, roof, furnace etc?
appliances included, who owns them?
age of building?
type of windows ?
owner hold note?
motivated seller?

no way to do analysis if you don't know where it is. Verify rental rates in that area. Check when / how much it was purchased for. Look for comps in the same area.